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Selling Home By Owner Contract

Selling Home By Owner Contract Template for Denmark

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Selling Home By Owner Contract

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Document background
The Selling Home By Owner Contract is designed for use in Denmark when private individuals wish to conduct a residential property sale without the intermediary services of a real estate agent. This document becomes relevant when sellers choose to manage the sale process independently while ensuring compliance with Danish legal requirements. It incorporates all mandatory elements required by Danish property law, including provisions for property condition disclosure, energy certification, and land registry requirements. The contract addresses key aspects such as property transfer terms, payment conditions, warranties, and statutory rights and obligations. It is structured to protect both parties' interests while facilitating a legally compliant transaction in accordance with Danish property transfer regulations.
Suggested Sections

1. Parties: Identification and details of the seller and buyer, including full legal names, addresses, and CPR numbers (or CVR for companies)

2. Background: Brief context of the sale and property identification, including property address and land registry details

3. Definitions: Key terms used throughout the agreement, ensuring clear interpretation

4. Property Description: Detailed description of the property, including cadastral number, size, and type of property

5. Purchase Price: Agreed purchase price, payment terms, and deposit requirements

6. Payment Terms: Schedule of payments, including deposit, down payment, and final payment details

7. Transfer of Ownership: Conditions and timing for the transfer of legal ownership

8. Condition of Property: Statement of property condition and any known defects

9. Property Inspection: Details of property inspection requirements and findings

10. Seller's Warranties: Warranties provided by the seller regarding the property's condition and legal status

11. Closing Date and Possession: Specified date for closing and transfer of possession

12. Costs and Taxes: Allocation of transaction costs, property taxes, and utilities

13. Default and Remedies: Consequences of breach and available remedies for both parties

14. Governing Law: Confirmation of Danish law application and jurisdiction

15. Signatures: Execution block for both parties with date and witness requirements

Optional Sections

1. Mortgage Assumption: Terms for buyer's assumption of existing mortgage, if applicable

2. Tenant Rights: Details of existing tenancy agreements if property is currently leased

3. Fixtures and Fittings: Detailed list of items included/excluded in the sale beyond standard fixtures

4. Construction Permits: Details of any ongoing or pending construction permits and responsibilities

5. Environmental Matters: Specific environmental considerations or requirements, if relevant

6. Property Association Membership: Terms regarding homeowner's association or similar community obligations

7. Right of First Refusal: Any existing rights of first refusal that need to be addressed

Suggested Schedules

1. Property Condition Report: Mandatory tilstandsrapport detailing property condition

2. Energy Performance Certificate: Mandatory energimærkning showing property's energy rating

3. Property Insurance Information: Details of existing insurance and ejerskifteforsikring options

4. Land Registry Extract: Current tingbogsattest showing registered rights and encumbrances

5. Property Valuation: Official property valuation and tax assessment

6. Fixture and Fittings List: Detailed inventory of items included in the sale

7. Property Plans: Floor plans, land survey maps, and relevant building plans

8. Utility Consumption Statement: Historical utility consumption and costs

9. BBR Extract: Building and Housing Registry information

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Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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